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  • RE: cash gift

    Yes 100 % get professional advise GOV Guidance is as follows Taper relief only applies if the total value of gifts made in the 7 years before you die is over the £325,000 tax-free threshold. The 7 year rule No tax is due on any gifts you give if you live for 7 years after giving them - unless the gift is part of a trust. This is known as the 7 year rule. If you die within 7 years of giving a gift and there’s Inheritance Tax to pay on it, the amount of tax due after your death depends on when you gave it. Gifts given in the 3 years before your death are taxed at 40%. Gifts given 3 to 7 years before your death are taxed on a sliding scale known as ‘taper relief’. Taper relief only applies if the total value of gifts made in the 7 years before you die is over the £325,000 tax-free threshold. Taper relief Years between gift and death Rate of tax on the gift 3 to 4 years 32% 4 to 5 years 24% 5 to 6 years 16% 6 to 7 years 8% 7 or more 0%
  • RE: Goods supplied by Italian Distributor

    For me this is classic case of Invoice address/ Delivery address Payment by UK Company . Invoice IT-UK no vat with delivery address to IE .
  • RE: bringing house contents from Ireland to England

    family holiday homes , do not qualify for relief of any import taxes payable. Unfortunately even though the goods were bought in the UK (VAT PAYED ) and transferred during the single market / open borders with EU . These are now considered imports and Taxes are liable as their is no relief for holiday homes furniture etc.. being transferred back. You can value the goods reasonably as if you were buying them second hand. Further unfortunately Duties may be liable if the Items are deemed to be made in Countries outside the EU. So the Commodity code and the country of origin for each item is also required. Hope this clarifies a little more .
  • RE: bringing house contents from Ireland to England

    Hello George There is no relief for goods imported from secondary and holiday homes in the EU. More information can be found in HMRC guidance: Transfer of residence to Great Britain. An Import Declaration will need to be made and dependent on item details such as the commodity code and country of origin will incur taxes . Sunil Makim Linked In
  • RE: HMRC Transfer of Residence Application

    Hello Rejish Typically takes 30 days from application to approval . Once you have approval follow the documents required link , if you are bringing the goods your self ,go through the Red Channel declaring the documents . If you are contracting out , the company shipping the goods will require your TORO1 Reference and details of the weights of items , and any certification for controlled goods . 
  • RE: Transfer of Residence relief

    Hello Thomas The link below will be helpful. If you use a shipping company , they would typically use your TOR01 approval reference for an import declaration at a cost. If you are bringing the goods personally , provide the TOR 01 and go through the red channel at the border , with the paper work listed in the lonk above. 
  • RE: Claiming VAT back on DDP

    Agree with Customs oldtimer , be very clear about who takes responsibility for what. DAP is best for consignments which are not considered parcels , usually handled by Fast Parcel Operators such as DPD UPS etc.. DDP Means you pay to the door GB-IE, and you are importer of record. Assuming your company have no fiscal representation in IE , means you cannot recover the VAT. Assuming your company have no fiscal representation in IE You are able to pay Customs Agent fees , but the VAT has to be paid by the importer in IE. Postponed VAT accounting PVA is available in IE for a company which is VAT Registered in IE. PVA the IE company would not pay any VAT on import at the BORDER , but satisfy the VAT on their next VAT return in IE. Advise should be sought on how PVA works in IE by the Importer .
  • EU Origin Fresh Fruits Phytosanitary Controls

    HS Code 0703109000 Onions HS Code 0808108090 Apples Origin EU Trade Tariff Suggests no requirement for Import Controls , such a s Phyto Sanitary Certificates etc... Any confirmation or guidelines appreciated
  • RE: Customs Warehouse - Value

    To clear from Customs Warehouse to free Circulation for the import entry ,,Use the Purchase Value , The Goods in Customs Warehouse should not have had any extra value added or changed in any way . SunilMakim
  • RE: Import Declaration for Inherited Personal Effects

    ok thanks , we will fill the form and present it on the red channel on entry at the port